Today we take a look at USDCAD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. USDCAD is facing bearish pressure from the descending trendline, where it could possibly reverse from our sell entry level, in line with our horizontal overlap resistance, and drop further to our take profit level.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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